how to record the transaction when we exchange two currencies. like
$1000 we receive and we Rs.45000
how will we record this transaction in journal.

Dear Sirs,

Daily we are trading steel trading NCDEX, for eg. steel rate is 28000 for 5% margin money we buying & selling for 29500.00. Brokerage & turnover charges are their. How we have to account these are all.

Any rules are their to account share / Commodity tradings.

A.S.Hiremath

Sir,

can anyone provide me drafting of letter to send party for asking to send c form otherwise we will charge intt.

in Acc.Depreciation we made entry for all the assets in asingle Journal entry or seperate entry for each assets

Eg: depreciation DR 2500
To Acc. Depre Furniture 1000
To Acc. Depre Machenery 1500

OR Depreciation DR 2500
To Acc. Depre 2500

i have a doubt. Deprecition reserve in tally what is the accounting head. is fixed asset? is it right?

year end journal entry would be

Deprecition Dr 1000
To Depreciation Reserve 1000
Deprecition reserve reduce the value of assets?

i am a cost accountant, i want to join IFRS certificate course conducted by ICAI.what is the procedures for non members of ICAI and what is the end result i.e icai conduct exam for ifrs or only provide participation certificate, and it is beneficial for future growth or not

respected sir/madam.
An asset has been purchased via hire purchase loan. kindly tell me what will be the ---
1)accounting entries to be passed in this case with relevane to AS-19 -accounting for lease.

2) Should the whole cost of asset be booked or only the cash payment made during the year.

3) depreciation will be provided on what(Cost of asset or amount paid till date).and,

4) Taxation effect


thank you

DEAR SIR
WHAT U MEAN BY DEBTOR FOR EXPENSES PLEASE GIVE ONE EXAMPLE

In tally what is the head of account for Accumulated Depreciation. it is Current liability?

aAny one reply to my query. what is the depreciation journal entry. I think
Depreciation Dr 10000
To Furniture 10000

Depreciation Dr 15000
To Machinery 15000
OR
Accu. Depreciation Dr 15000
to Machinery 15000
In Tally accounting head of Acc.Dep is Indirect Expense? Is it Right?
Please Tell me?

Depreciation going to debit side of P/L a/c. and Decrease in Furniture and machinery in balance sheet. is it right?